Wednesday, April 16, 2008

ReneSola signs six-year deals to supply two Chinese companies with solar wafers

LONDON, Apr. 15, 2008 (Thomson Financial delivered by Newstex) -- ReneSola Ltd. (OOTC:RESLF) (NYSE:SOL) said it has signed six-year solar wafer supply contracts with Ningbo Solar Electric Power Co. Ltd. and Eoplly New Energy Technology Co. Ltd.

ReneSola, which manufactures silicon wafers for the solar PV industry said it will supply Ningbo Solar and Eoplly with 105 megawatts (MW) of solar wafers over a six-year period commencing in mid-2008.No financial details were given.

Fluor wins contract with LDK Solar

By SHERYL JEAN / The Dallas Morning News

Irving-based Fluor Corp. said Tuesday that it has won a contract from LDK Solar Co. Ltd. for engineering, procurement and construction management services for $1 billion polysilicon plant in China.

Fluor booked the initial engineering and design work for the project in the third quarter of 2007, and the rest in the first quarter of this year.

The plant will be adjacent to LDK’s solar wafer manufacturing plant in Xinyu City, China, which is where LDK is based.

Construction began in August.

The three manufacturing lines are expected to be completed by July 2009.